Kovitz Investment Group Partners LLC Buys Shares of 8,956 Pinterest, Inc. $PINS

Kovitz Investment Group Partners LLC bought a new stake in shares of Pinterest, Inc. (NYSE:PINS) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 8,956 shares of the company’s stock, valued at approximately $278,000.

Several other large investors also recently added to or reduced their stakes in PINS. S Bank Fund Management Ltd purchased a new stake in shares of Pinterest during the first quarter worth $102,000. GKV Capital Management Co. Inc. bought a new position in shares of Pinterest in the first quarter worth about $193,000. Resona Asset Management Co. Ltd. increased its stake in shares of Pinterest by 3.2% in the first quarter. Resona Asset Management Co. Ltd. now owns 177,436 shares of the company’s stock worth $5,512,000 after purchasing an additional 5,552 shares during the period. Motley Fool Asset Management LLC increased its stake in shares of Pinterest by 19.2% in the first quarter. Motley Fool Asset Management LLC now owns 18,844 shares of the company’s stock worth $584,000 after purchasing an additional 3,041 shares during the period. Finally, Nuveen LLC bought a new position in shares of Pinterest in the first quarter worth about $56,396,000. 88.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PINS has been the topic of several research reports. Morgan Stanley upgraded Pinterest from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $37.00 to $45.00 in a research note on Monday, July 21st. Benchmark boosted their price target on Pinterest from $45.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Cowen restated a “buy” rating on shares of Pinterest in a research note on Friday, August 8th. Stifel Nicolaus boosted their price target on Pinterest from $46.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Finally, Piper Sandler set a $40.00 price objective on Pinterest in a report on Friday, August 8th. Twenty-five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $42.40.

Pinterest Trading Up 2.0%

PINS stock opened at $35.5650 on Friday. The firm has a market cap of $24.18 billion, a P/E ratio of 12.75, a P/E/G ratio of 1.40 and a beta of 0.78. Pinterest, Inc. has a 1-year low of $23.68 and a 1-year high of $40.90. The business’s 50 day moving average is $36.32 and its 200-day moving average is $33.29.

Pinterest (NYSE:PINS) last announced its earnings results on Thursday, August 7th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.01). The business had revenue of $998.23 million during the quarter, compared to analyst estimates of $973.42 million. Pinterest had a return on equity of 8.44% and a net margin of 49.31%.The firm’s revenue was up 16.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.29 earnings per share. Pinterest has set its Q3 2025 guidance at EPS. Sell-side analysts forecast that Pinterest, Inc. will post 0.6 EPS for the current year.

Insider Activity at Pinterest

In other news, Director Benjamin Silbermann sold 102,083 shares of the business’s stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $33.21, for a total value of $3,390,176.43. Following the transaction, the director directly owned 8,414 shares of the company’s stock, valued at $279,428.94. The trade was a 92.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders sold 1,090,520 shares of company stock valued at $38,235,271. 7.06% of the stock is owned by insiders.

About Pinterest

Pinterest, Inc operates as a visual search and discovery platform in the United States and internationally. Its platform allows people to find ideas, such as recipes, home and style inspiration, and others; and to search, save, and shop the ideas. The company was formerly known as Cold Brew Labs Inc and changed its name to Pinterest, Inc in April 2012.